Frequently Asked Questions
We are the fastest property management tool for secure tenant screening,
rent collection, and easy maintenance tracking!
FAQ
Property Maintenance Software is a valuable tool used to efficiently oversee and organize rental properties. This software allows landlords and property managers to screen tenants, create leases, designate work orders, and much more. Property Management Software integrates all of the main tasks of managing a property into one easy-to-use place to simplify your life.
When choosing a rental property software, always be sure to choose the software that solves your daily problems and provides the essential features you need to run your business smoothly. The most important features to look for are, of course, tailored to your specific business. However, you should always make sure that the following essential features are included when shopping around: comprehensive tenant screening, custom legal lease creation, simple landlord-tenant communication, e-signatures, and rent collection if necessary
No! CreditLink® features and tools are entirely cloud-based, and can be accessed from any device and in any location. Simply memorize your secure log-in and experience the freedom to manage your rental properties from the comfort of your own living room or even from abroad.
Our credit reports are considered a Hard Inquiry. Your Landlord or Property Manager is considered a lender, and has requested an official inquiry into your credit history to determine whether or not you pose a risk of non-payment. This official request will be recorded on your future TransUnion-provided credit reports.
A 'hard hit' has the potential to remove up to 5 points off of your credit score. However with the current FICO models, most inquiries within a 14 to 45 day period are grouped together as one inquiry. Additionally, the FICO model ignores inquiries made within 30 days of scoring. Regardless of how long your rental home search takes, your credit score should not be impacted by your rental credit checks during the process.
A 'hard hit' has the potential to remove up to 5 points off of your credit score. However with the current FICO models, most inquiries within a 14 to 45 day period are grouped together as one inquiry. Additionally, the FICO model ignores inquiries made within 30 days of scoring. Regardless of how long your rental home search takes, your credit score should not be impacted by your rental credit checks during the process.
Tenant Screening is the process of evaluating a potential tenant before accepting their application to rent your property. Tenant Screening typically consists of looking into the applicant's credit history, rental history, criminal record, housing history, employment status and more. Manual tenant screening can be time-consuming and often will not capture the whole picture; using property management software is an efficient and reliable way to ensure you're doing your due diligence.
Landlords and Property Managers should always screen their tenants for security and peace of mind. Obtaining credit and background checks will help you to assess the likelihood that the tenant will fulfill the terms of the lease or rental agreement, and how likely they are to take excellent care of your property.
For instance, if an applicant has a history of credit card debt, this may indicate that they have trouble making payments on time which is a serious issue when rent is due each month.
For instance, if an applicant has a history of credit card debt, this may indicate that they have trouble making payments on time which is a serious issue when rent is due each month.
Through thorough tenant screening, you substantially reduce your financial risk. Tenant Screening allows you to identify the residents who are most likely to pay rent on time, and least likely to need to be evicted. Additionally, obtaining a background report will shed light on any criminal history within the past 7 years.
After receiving a screening report, you should know:
By trusting the tenant screening process, you are ensuring that you have your rent in hand on time each month, your property is less likely to be damaged, and you won't have to spend precious time and money processing evictions for problem residents.
After receiving a screening report, you should know:
- If the tenant has a history of late payments at other properties
- If the tenant has any frozen accounts or open collections
- If the tenant will fit safely into your community
By trusting the tenant screening process, you are ensuring that you have your rent in hand on time each month, your property is less likely to be damaged, and you won't have to spend precious time and money processing evictions for problem residents.
The most important item to check is a tenant's credit history. This will confirm that the social security number the applicant provided is valid, and will identify aliases and previous addresses that are associated with an applicant. A credit report typically covers liens, previous bankruptcies, and collections. A credit report from CreditLink® will also show you the renter's pattern of payments on open and closed lines of credit.
Many shrewd landlords and property managers will also check the eviction history or potential criminal background of their prospective tenant to verify information provided, or to preemptively safeguard their community and property. CreditLink® is here to help ensure that you avoid the risk of needing to evict by providing the information necessary to choose the right tenants for your properties.
Many shrewd landlords and property managers will also check the eviction history or potential criminal background of their prospective tenant to verify information provided, or to preemptively safeguard their community and property. CreditLink® is here to help ensure that you avoid the risk of needing to evict by providing the information necessary to choose the right tenants for your properties.